Tenable Holdings Inc (NASDAQ:TENB) CEO Amit Yoran sold 36,363 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $27.87, for a total value of $1,013,436.81. Following the completion of the transaction, the chief executive officer now directly owns 1,431,498 shares of the company’s stock, valued at $39,895,849.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Amit Yoran also recently made the following trade(s):
- On Friday, November 22nd, Amit Yoran sold 1,244 shares of Tenable stock. The stock was sold at an average price of $27.83, for a total transaction of $34,620.52.
- On Wednesday, November 20th, Amit Yoran sold 2,116 shares of Tenable stock. The shares were sold at an average price of $27.88, for a total value of $58,994.08.
Shares of NASDAQ:TENB traded down $0.74 during trading hours on Tuesday, reaching $25.88. The stock had a trading volume of 427,143 shares, compared to its average volume of 689,597. The firm’s 50 day moving average is $25.00 and its 200-day moving average is $25.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.49 and a current ratio of 1.49. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -19.03 and a beta of 2.73. Tenable Holdings Inc has a 1 year low of $20.00 and a 1 year high of $36.26.
Tenable (NASDAQ:TENB) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.17. The firm had revenue of $91.90 million during the quarter, compared to analysts’ expectations of $88.79 million. Tenable had a negative net margin of 24.14% and a negative return on equity of 64.46%. Tenable’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.14) earnings per share. Analysts forecast that Tenable Holdings Inc will post -0.87 EPS for the current year.
A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised Tenable from a “neutral” rating to an “overweight” rating and set a $31.00 target price for the company in a research note on Wednesday, October 30th. Zacks Investment Research upgraded Tenable from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Tuesday. Finally, SunTrust Banks started coverage on shares of Tenable in a report on Wednesday, October 2nd. They issued a “hold” rating and a $25.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $33.70.
Several institutional investors have recently modified their holdings of TENB. Tower Research Capital LLC TRC acquired a new stake in shares of Tenable in the 2nd quarter worth approximately $31,000. California State Teachers Retirement System raised its holdings in shares of Tenable by 1.9% during the 3rd quarter. California State Teachers Retirement System now owns 58,103 shares of the company’s stock valued at $1,300,000 after buying an additional 1,099 shares during the period. Metropolitan Life Insurance Co NY raised its holdings in shares of Tenable by 27.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 12,072 shares of the company’s stock valued at $270,000 after buying an additional 2,600 shares during the period. Los Angeles Capital Management & Equity Research Inc. lifted its position in Tenable by 40.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 9,090 shares of the company’s stock worth $259,000 after acquiring an additional 2,630 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of Tenable by 9.4% during the third quarter. Strs Ohio now owns 31,300 shares of the company’s stock worth $700,000 after purchasing an additional 2,700 shares in the last quarter. Institutional investors and hedge funds own 60.08% of the company’s stock.
About Tenable
Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company enterprise software platform enables visibility into an organization’s cyber exposure across the attack surface and deep insights that help organizations translate vulnerability data into business insights to understand and reduce their cybersecurity risk.
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